Posts

Auroch Minerals Intersects Nepean Deeps Sulphides

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has drilled a second drill-hole into the Nepean Deeps target area at the company’s Nepean project in Western Australia (Auroch Minerals 80%).

Auroch Minerals’ second hole NPDD013 into the Nepean Deeps target intersected 12.5 metres of disseminated and matrix to semi-massive nickel sulphides from 576.8m, within a 76.15m intersection of ultramafics from 534.65 to 610.80m down-hole.

“We are extremely pleased to have intersected nickel sulphide mineralisation in this second hole into the Nepean Deeps target,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“The ultramafic unit we’ve intersected is a lot thicker than the correlating ultramafic intersected in the first hole NPDD008, and really highlights the untested potential of Nepean beneath the historic workings and beneath the level of historic exploration.

“Our current interpretation is that this ultramafic is the historically named Sill 1 ultramafic, which until now was thought to be unmineralized, thus opening up a whole new potential for significant nickel sulphide mineralisation at Nepean!

“The mineralised drill core will be sampled and rushed to the lab for assaying, and we look forward to announcing those results to the market when they are received.

“In the meantime, the drilling continues, as does the ground IP survey at the regional Nepean North prospect, which we believe will generate significant new targets for the next drilling campaign.”

Auroch explained that NPDD013 is currently at a down-hole depth of approximately 675m, and is planned to be drilled to a final depth of 800m to test for any further intersections of ultramafic units and potential nickel sulphide mineralisation beneath the historic Nepean mine workings.

Upon completion the drill-hole will be cased for DHEM surveying.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

Auroch Minerals to Assess Nepean Pegmatites for Lithium Potential

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has commenced sampling as part of the assessment of the lithium-caesium-tantalum (LCT) mineralisation potential at the company’s 80 per cent-owned Nepean project in Western Australia.

Auroch Minerals had previously identified pegmatite intrusions throughout the project area, including at the historic Nepean nickel mine itself, where multiple pegmatites intruded the mine sequence but were not historically assessed for any economic potential.

The company also identified an abundance of pegmatites via a recently-completed first diamond drill-hole into the Nepean Deeps target, which was designed to test for down-plunge extensions to the high-grade nickel sulphide mineralisation below the historic Nepean mine.

The drill-hole intersected 46 metres of komatiitic ultramafics over three lower intervals, which are considered prospective for nickel sulphide mineralisation.

The hole also intersected approximately 700 metres of pegmatite intrusions, including one 350m thick pegmatite in the hanging-wall below the historic nickel mine workings.

Auroch has now initiated sampling of the pegmatites from the diamond core to be submitted for assaying for lithium-caesium- tantalum (LCT) mineralisation.

“As we announced in February this year, there is significant potential across our tenure at the Nepean project for lithium-caesium-tantalum mineralisation within the many pegmatites identified, particularly in the northern areas where our tenements lie adjacent to known historic mines of lithium and tantalum at the Londonderry Pegmatite deposits,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“Our recently-completed maiden diamond drill-hole into the very promising Nepean Deeps nickel sulphide target has provided us with significant intervals of fresh pegmatite intrusions in drill core, and we have initiated sampling of these zones in order to test for potential LCT mineralisation.

“In parallel, the down-hole geophysical surveys of drill-hole NPDD008 are well underway and we are excited to see what targets they will potentially define to be tested by the ongoing Nepean Deeps diamond drill program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

Auroch Minerals Commences Nepean and Saints Scoping Studies

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) announced commencement of scoping studies at both its Nepean (Auroch Minerals 80%) and Saints nickel projects in Western Australia.

Auroch Minerals is conducting the studies to evaluate the economic viability of several mining scenarios at Nepean, including an initial open-pit mine of the known shallow high-grade nickel sulphide mineralisation which it believes could generate cash flow in the short to medium term, as well as potential underground mining scenarios of the known high-grade nickel sulphide mineralisation.

A scoping study of potential underground mining scenarios at the high-grade Saints nickel project will be run in parallel to the studies at Nepean, looking at taking advantage of synergies between the projects to reduce the overall costs of the studies.

Saints currently hosts a high-grade JORC 2012-compliant Resource of 1.05 million tonnes at 2 per cent nickel and 0.2 per cent copper for over 21,000 tonnes of contained nickel.

Auroch has an existing offtake agreement in place for Saints with BHP Nickel West.

Ore from the historic nickel mine at Nepean, when in production, was processed at the Kambalda Nickel Operations that BHP is currently preparing to re-start early next year.

Auroch has initiated the scoping studies to build upon these existing relationships with BHP and evaluate the viability of several mining scenarios that may lead to nickel sulphide production and cash flow in the medium term.

“We are very pleased to join forces with P1 Australasia and initiate scoping studies at our Saints and Nepean nickel sulphide projects,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“With the nickel price consistently around US$19,000 per tonne and forecast to increase, we believe there is great potential to take both projects forward to production and hence generate significant cash flow for the company in the medium term, and so we are eager to evaluate the economic viability for several different mining scenarios at these two projects.

“We have developed a good relationship with the processing team at BHP and have an existing off-take with them for Saints, so we are keen to develop this further and to potentially build a solid business case to provide high-grade nickel sulphide feed for their processing facilities to produce Class 1 nickel products required for batteries for the fast-growing electric vehicle (EV) market.

“Parallel to these studies, we continue with our aggressive exploration for a new nickel sulphide discovery across all three of our WA nickel projects.

“Our exciting Nepean Deeps diamond drill program beneath the historic Nepean nickel mine is currently underway, with the first hole NPDD008 on target and on schedule at a depth of approx. 400 metres.

“The hole is planned to reach a depth of 1,200 metres and we look forward to keeping the market informed of its progress.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

Auroch Minerals Sharpens Nickel Exploration Focus

COMMODITY CAPERS: Auroch Minerals (ASX: AOU) boasts ownership of a highly prospective nickel sulphide portfolio located within the Goldfields region of Western Australia.

The portfolio includes the Saints, Leinster and Nepean nickel projects, all located in the Norseman-Wiluna Greenstone Belt, which has demonstrated itself to be a top-quality address for discovery of nickel sulphide mineralisation.

The Nepean project lies approx. 25 kilometres south of Coolgardie and contains the historic high-grade Nepean nickel sulphide mine, which was the second producing nickel mine in Australia, producing 1,108,457 tons of ore between 1970 and 1987 for 32,202 tons of nickel metal at an average recovered grade of 2.99 per cent nickel.

A recent three-hole diamond program was undertaken at Nepean in May this year, drilling into known shallow high-grade nickel sulphide mineralisation directly south of the historic Nepean nickel mine.

The drilling returned results that confirmed the high-grade and high tenor nature of the modelled near-surface nickel sulphide mineralisation, including:

NPDD007
4.64 metres at 2.99 per cent nickel and 0.13 per cent copper from 71.58m.

“We continue to be amazed by the nickel sulphide mineralisation at Nepean,” Auroch Minerals managing director Aidan Platel said.

“The high nickel grades seen in the net-textured sulphide mineralisation in hole NPDD007 which historically was referred to as the `triangular ore zone’ mineralisation is testament to the high nickel tenor (nickel content in the sulphides) of Nepean, and highlights how we can potentially achieve very high-grade nickel intersections from zones of relatively little sulphides, which has huge implications for how we go about exploring the 10 kilometres of potential strike at Nepean, as well as for the upcoming Nepean Deeps drill program.”

Meanwhile, Auroch has also been busy at the Leinster project where RC and diamond drilling produced pleasing results from the Woodwind, Firefly and Brass prospects.

The dual phase first-pass drill program consisted of five high priority diamond drill-holes drilled in March and April, followed by nine RC holes drilled in May and June.

Recent assay results included:

WDRC001
8m at 0.45 per cent nickel from 19m;

WDRC004
5m at 0.30 per cent nickel from 66m and 4m at 0.30 per cent nickel from 80m;

WDRC005
7m at 0.40 per cent nickel from 52m;

WDRC007
2m at 0.50 per cent nickel from 30m;

WDRC008
1m at 0.56 per cent nickel from 159m;

FFRC004
1m at 0.45 per cent nickel from 41m; and

HNDD011
4m at 0.30 per cent nickel from 251m.

“This new round of assay results from the recent drilling at the Leinster project further highlights the high prospectivity of the recently-identified trend of fertile ultramafics to the north of the known shallow high-grade nickel sulphide mineralisation at the Horn prospect and justify follow-up exploration efforts as we attempt to vector in on potential new discoveries of significant nickel sulphide mineralisation,” Platel said.

“Two DHEM conductors identified by the first phase of drilling provide high-priority walk-up drill targets that we will test with our next drilling campaign at Leinster planned for later this quarter.

“In addition to our evolving exploration programs and targets at Leinster, we are looking forward to commencing the high impact Nepean Deeps diamond drill program…at our Nepean nickel project, which aims to test for possible extensions to the known high-grade nickel sulphide mineralisation below the historic mine workings.

“We are also looking to finalise access and approvals for RC drilling at the priority Ragless Range zinc target at the Arden project in South Australia. With major drill programs and ongoing exploration over multiple projects scheduled for the next few months, it is an exciting time for the company and its shareholders.”

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

Auroch Minerals Defines Leinster Nickel Targets

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) reported receiving assays for RC and diamond drilling completed on the Woodwind, Firefly and Brass prospects at the company’s Leinster nickel project in Western Australia.

Auroch took receipt of the assay results for nine RC drill-holes and one diamond drill-hole drilled as part of a 14 – hole regional drill program designed to test the Woodwind, Percussion, Brass and Firefly prospects.

The company has previously interpreted these prospects to contain the same ultramafic stratigraphy that hosts the known shallow high-grade nickel sulphide mineralisation at the Horn prospect located directly along strike to the south, making these prospects high-priority drill targets.

Results from the latest assay batch include:

WDRC001
8 metres at 0.45 per cent nickel from 19m;

WDRC004
5m at 0.3 per cent nickel from 66m and 4m at 0.3 per cent nickel from 80m;

WDRC005
7m at 0.4 per cent nickel from 52m;

WDRC007
2m at 0.5 per cent nickel from 30m;

WDRC008
1m at 0.56 per cent nickel from 159m;

FFRC004
1m at 0.45 per cent nickel from 41m; and

HNDD011
4m at 0.30 per cent nickel from 251m.

DHEM surveys have now been completed on all drill-holes, identifying two conductive targets from drill-holes at the Woodwind and Brass prospects.

At Woodwind, an off-hole conductor was detected southeast of, and below, WDRC007.

At the Brass Prospect, a thin intersection of disseminated nickel sulphides in WDRC008 occurs on the prospective ultramafic–basalt lithological contact and is located above an off-hole DHEM conductor.

“This new round of assay results from the recent drilling at the Leinster project further highlights the high prospectivity of the recently-identified trend of fertile ultramafics to the north of the known shallow high-grade nickel sulphide mineralisation at the Horn prospect, and justify follow-up exploration efforts as we attempt to vector in on potential new discoveries of significant nickel sulphide mineralisation,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“The two DHEM conductors identified by the first phase of drilling provide high-priority walk-up drill targets that we will test with our next drilling campaign at Leinster planned for later this quarter.

“In addition to our evolving exploration programmes and targets at Leinster, we are looking forward to commencing the high impact Nepean Deeps diamond drill program this week at our Nepean nickel project, which aims to test for possible extensions to the known high-grade nickel sulphide mineralisation below the historic mine workings.

“We are also looking to finalise access and approvals for RC drilling at the priority Ragless Range zinc target at the Arden project in South Australia.

“With major drill programs and ongoing exploration over multiple projects scheduled for the next few months, it is an exciting time for the company and its shareholders.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

Auroch Minerals Intersects Nickle Sulphides at new Leinster Project Prospects

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) reported assay results from diamond drilling completed at the Woodwind and Percussion prospects at the company’s 100 per cent-owned Leinster nickel project in Western Australia.

Auroch Minerals received assay results for four of five diamond drill-holes drilled to test the potential of the Woodwind and Percussion prospects.

The two prospects are located directly along strike from the Horn prospect, where previous drilling delineated shallow high-grade nickel sulphide mineralisation.

The prospects are defined by aeromagnetic high anomalies that Auroch consider being very similar to that which defines the Horn prospect, as such the company has defined them to be high-priority drill targets.

Results include:

HNDD008
72 metres at 0.46 per cent nickel from 212m, including 4m at 0.61 per cent nickel from 233m and 14m at 0.57 per cent nickel from 258m;

HNDD007
8m at 0.30 per cent nickel from 296m to EOH within elevated nickel values (>0.25 per cent nickel) and observed disseminated nickel sulphides over 88m from 216m; and

HNDD010
2m at 0.45 per cent nickel from 388m, including 1m at 0.61 per cent nickel from 389m.

Auroch noted the results highlight the aeromagnetic trend at Leinster is coincident with a thick package of fertile, nickel sulphide -bearing ultramafic rocks.

“This has been an exceptional start to our regional exploration at the Leinster project,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“After outstanding shallow high-grade nickel-copper sulphide results from drilling at the Horn prospect in late 2020, we were intrigued by what the magnetic anomalies along strike from the Horn may hold, most of which had never seen a drill-hole.

“The results from just our first four drill-holes have already shown that these aeromagnetic highs at the Woodwind and Percussion prospects do indeed define thick fertile ultramafic units that have cumulate ultramafic phases with disseminated nickel sulphides – that is, exactly the geology seen proximal to the massive nickel sulphide mineralisation at Rocky’s Reward and Perseverance, one of the largest nickel sulphide deposits in the world that is only 35 kilometres to the north of our Leinster project.

“The diamond drilling has been particularly important for our geology team to see these all-important textures and structures, and has helped them to identify the overturned structural setting at Woodwind, similar to that of the Horn.

“The presence of nickel sulphide stringers in hole HNDD0011 suggest we are getting closer to significant accumulations of nickel sulphides, and we are eager to see what the pending DHEM and assay results will tell us as we attempt to vector in on massive nickel sulphide mineralisation in this highly-prospective trend.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

Auroch Minerals Drilling at Leinster Nickel Project

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has commenced diamond drilling at the company’s Leinster nickel project in Western Australia.

Auroch Minerals will kick start proceedings with four diamond drill-holes, designed to test high-priority magnetic targets directly along strike from the shallow high-grade nickel sulphide mineralisation previously reported at the Horn prospect.

Following these drill-holes reverse-circulation (RC) drilling will commence to further test the strike potential along from the Horn, as well as some of the more-advanced regional targets across the Leinster tenure.

The combined diamond and RC drill programs follow up on Auroch’s diamond drill program carried out at the Horn in late 2020, which intersected thick high-grade nickel-copper sulphide mineralisation at shallow depths.

“We are excited to be back on the ground at Leinster and drilling such high-potential exploration targets,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“Our drilling last year confirmed thick high-grade nickel and copper sulphide mineralisation at very shallow depths at the Horn prospect, but importantly it also showed how well this mineralisation is ‘mapped’ by the aeromagnetic anomaly there.

“We have very similar aeromagnetic anomalies along strike to the northwest of the Horn which basically have never been drilled, so we are eager to test these anomalies and see if the relationship between the aeromagnetic highs and the nickel sulphide mineralisation continues along strike.

“Our maiden RC program at Nepean has been completed, which tested both near-mine shallow drill targets as well as more regional greenfields targets along the full 10 kilometres of prospective strike.

“We are awaiting assay and DHEM results which we expect to receive over the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.aurochminerals.com

 

 

Auroch Minerals Investigating Nepean Lithium Potential

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) is investigating the potential for lithium mineralisation underway at the company’s high-grade Nepean nickel project, south of Coolgardie in Western Australia.

The Nepean nickel project contains the historic high-grade Nepean nickel sulphide mine that produced 32,303 tonnes of nickel metal at an average recovered grade of 2.99 per cent nickel between 1970 and 1987.

Auroch Minerals said the mine workings and drill-hole intersections at Nepean have confirmed some of the pegmatites to be more than 100 metres thick with lengths exceeding 1,000m, increasing potential to contain highly fractionated, lithium-enriched parts.

“We are pleased to announce that we have contracted the services of Peter Spitalny to undertake an investigation into what we believe is a significant potential for economic lithium mineralisation within the pegmatites at Nepean,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“Peter is well-known throughout Western Australia and even globally for his expertise in the exploration and economic evaluation of LCT pegmatites, and we look forward to what his initial investigation will tell us.

“Using Peter to evaluate the lithium potential means that our in-house geological team remains completely focussed on the nickel sulphide exploration at Nepean, and in particular the current RC drill program at Nepean which is now over two-thirds completed.

“We look forward to the results of both exploration programs in the near future, and will keep the market updated as results are received.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.aurochminerals.com

 

Auroch Minerals Commences Nepean RC Drilling

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) announced commencement of reverse-circulation (RC) drilling at the company’s Nepean nickel project south of Coolgardie in Western Australia.

The Nepean nickel project contains the historic high-grade Nepean nickel sulphide mine, which was the second producing nickel mine in Australia, producing approx. 1.1 million tonnes of ore between 1970 and 1987 for 32,202 tonnes of nickel metal at an average recovered grade of 2.99 per cent nickel.

The drilling is targeting a series of untested highly prospective aeromagnetic targets to the north and south of the Nepean mine that align with the mine’s stratigraphy and are considered by the company to represent a serpentinised core or high magnesium oxide unit of the komatiitic unit.

The targets extend for over 10km of strike and Auroch believes each has potential to host substantial massive nickel sulphide mineralisation.

The drillholes at these exploration targets have been planned to intersect the ultramafic-basalt contact and to define channel geometry, fertility and the presence of any nickel sulphides.

“We are pleased to have drilling underway at our recently-acquired high-grade Nepean nickel project, and are very excited by the huge potential to build on the existing nickel sulphide mineralisation as well as uncover further significant high-grade nickel sulphides,” Auroch Minerals managing director Aidan Platel said in the company’s ASX announcement.

“The nickel price has continued to rise to over US$18,000 per tonne and many forecasts for the price of nickel have recently been upgraded as we continue to see a greater disconnect between supply and demand for nickel, and in particular for Tier 1 nickel, forecasted for the next few years.

“As such, Auroch has aggressive work programmes planned for 2021 as we consolidate our existing high-grade nickel sulphide resources and move towards scoping studies, whilst at the same time continue to aggressively explore for new nickel discoveries, and we look forward to creating real value for our shareholders this year.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.aurochminerals.com

 

Auroch Minerals Raises Funds for High-Priority Exploration

THE BOURSE WHISPERER: Auroch Minerals (ASX: AOU) has received commitments to raise $1.06 million to fund high-grade nickel sulphide exploration activities at the company’s Saints and Leister nickel projects in Western Australia.

Auroch Minerals will issue 19.3 million fully paid ordinary shares at 5.5 cents per share.

Placement shares will attract a 1 for 2 free attaching option with an exercise price of 10 cents and expiry date of 30 November 2021.

Both the Saints and Leister nickel projects contain existing high-grade nickel sulphide resources as well as multiple advanced drill-ready targets.

The company believes they have strong potential to increase the resources with drilling programs funded by this placement.

“We are extremely pleased with the show of support from professional, sophisticated and other investors,” Auroch Minerals managing director Aidan Platel said in the company’s announcement to the Australian Securities Exchange.

“We welcome our new investors to the register, and look forward to progressing our aggressive exploration programs at our Saints and Leister Nickel projects and creating value for our shareholders.”

 

Email: admin@aurochminerals.com

Web: www.aurochminerals.com